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Why
Enerwhere?

Why invest?

Enerwhere’s globally unique business model and technology allow it to provide solar-hybrid power and solar cooling on temporary contracts as short as 6 months and with zero capital investment from the customer, thereby overcoming the key hurdles holding back solar investment for customers with off-grid power demands. T
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Notable Press

In early 2018, Bloomberg New Energy Finance published a report on Enerwhere's business model. Enerwhere has also been mentioned in local news outlets, such as Khaleej Times, People's Daily, Forbes, etc.
Read more here: https://www.enerwhere.com/news

Why
Enerwhere?

Enerwhere’s globally unique business model and technology allow it to provide solar-hybrid power and solar cooling on temporary contracts as short as 6 months and with zero capital investment from the customer, thereby overcoming the key hurdles holding back solar investment for customers with off-grid power demands. This ability to deliver reliable power 24/7 on the basis of short-term power purchase agreements (PPAs), using our proprietary transportable solar-hybrid mini-grids, sets us apart in the market.

Notable Press

In early 2018, Bloomberg New Energy Finance published a report on Enerwhere's business model. Enerwhere has also been mentioned in local news outlets, such as Khaleej Times, People's Daily, Forbes, etc.
Read more here: https://www.enerwhere.com/news

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The Business

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Enerwhere is the world's first distributed solar utility company, based in Dubai. What does distributed mean? We generate cleaner energy exactly where it is needed i.e. on your roof or next to your business. We have two highly profitable business models:

Energy Sales

Commercial and Industrial clients that previously used expensive and dirty diesel generators can save money with our cleaner and more reliable energy solutions. Because our systems are fully transportable and can be set up in days, we are the only company world-wide able to provide MW-scale temporary solar power on the basis of short-term power purchase agreements (PPAs). Enerwhere’s inhouse data analytics platform ensures that at every stage from design to operations, Enerwhere optimizes the business’s energy solution.

Enerwhere’s temporary solar – battery - hybrid power is cheaper and cleaner than the conventional (diesel-only) alternative. In a typical camp application, we save 30-50% of the diesel fuel consumption, and can offer financial savings of up to 20%, on contracts as short as 6 months.

Solar System Sales

For Commercial and Industrial customers that are grid connected, Enerwhere is the leading contractor in Dubai for solar rooftop solutions In Dubai, businesses are seeing their solar systems pay back in under 5 years and thereafter, they receive free energy from their systems for over 20 years. Our engineering team has analyzed dozens of commercial and industrial rooftops in the UAE, and has all the right expertise to execute any project time and on budget. Enerwhere is among the first solar companies in Dubai certified by DEWA to carry out solar system installation under the Shams Dubai initiative.

Renewable energy and hybrid micro-grids are expected to become the next revolution in the rural & remote location electrification and energy access industry. The market is expected to increase by nearly a 3-fold by 2024. These solutions are particularly interesting in growth markets. Enerwhere is perfectly positioned on this promising market, as it has the ability to ride this growth and become a leader in both off-grid and on-grid distributed generation solutions.

In 2017, Enerwhere raised more than US$1million in equity crowdfunding through Eureeca, which resulted in further growth of the company and projects. After an overwhelmingly positive investor experience in 2018, Enerwhere is raising again on Eureeca to ensure that individual investors and not just institutional investors can benefit from its growth.

The Energy Sales business requires significant capital investment in solar equipment, battery storage, AC & remote monitoring equipment. To maximize revenues & minimize fuel spend, management is planning to invest 60% of the funds in assets. The investment will be deployed quickly into existing contracts and near term pipeline.Enerwhere also wants to develop intellectual property and patent the technology to remain the leading solar utility company in the MENA region.

The following exit strategies have been considered and approved by the Board of Directors:

1. We anticipate an acquisition or merger by a global player taking place within the next 5-7 years. This is very likely to yield a high multiple exit to all shareholders at that time. The solar industry has seen several acquisitions, including:1. Tesla's acquisition of Solarcity for over $2 billion in November 20162. EDF and Off Grid Electric's JV in Africa, a market we are currently operating in and aiming to expand3. Aggreko's $52 million acquisition of Younicos, a battery storage systems developer in July 2017

As the first and largest solar power player in the UAE and based on our triple digit annual revenue growth, we believe we are well positioned to be an acquisition target in the coming years.

2. We plan on offering a Share Buyback to shareholders investing in this round within five years following the issuance of shares. The price per share at which the Buyback will be offered shall be determined based on the market value of the Company at that point.

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